Tags: us | internet | gambling

Government Delays New Ban on Internet Gambling

Friday, 27 Nov 2009 12:06 PM

 

WASHINGTON -- The Treasury Department and the Federal Reserve are giving U.S. financial institutions an additional six months to comply with regulations designed to ban unlawful Internet gambling.

The two agencies said Friday that the new rules, which were to take effect on Dec. 1, would be delayed until June 1 of next year.

The rules seek to curb online gambling by prohibiting financial institutions from accepting payments from credit cards, checks or electronic fund transfers to settle online wagers. The financial industry complained that the new rules would be difficult to enforce because they did not offer a clear definition of what constitutes Internet gambling.

Special: Get Sarah Palin’s New Book – Incredible FREE Offer – Click Here Now.

© Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

NASA Delays Soil Study Satellite Launch for 'Repairs'

Friday, 30 Jan 2015 09:20 AM

NASA has pushed back the launch of a satellite to study soil moisture to Saturday, so that it can perform minor repairs . . .

Japan to Launch New Spy Satellite

Friday, 30 Jan 2015 07:19 AM

Japan's government said it will launch a back-up spy satellite on Sunday, after canceling an earlier lift-off due to bad . . .

Obama to Propose $215M to Fight Diseases

Friday, 30 Jan 2015 06:56 AM

President Barack Obama will propose Friday that the US spend $215 million into precision medicine research, a field p . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved